Fitbit Obtains $2,000,000 New Round

  • Feed Type
  • Date
    10/10/2008
  • Company Name
    Fitbit
  • Mailing Address
    870 Market Street San Francisco, CA 94000
  • Company Description
    Fitbit is devoted to helping people of any fitness level achieve health and wellness. Fitbit provides a complete wellness solution focused on behavior change via awareness and motivation.
  • Website
    http://www.fitbit.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Fitbit will use the infusion of capital to move forward with the consumer launch of its Fitbit Tracker health and wellness monitoring device and Fitbit.com Website. Both are set for release in early 2009. This finance round will also accelerate the development of new products and service offerings.
  • M&A Terms
  • Venture Investor
    True Ventures
  • Venture Investor
    SoftTech VC